The original CHARGE would appear on her police record, but not as a conviction. I'm not sure what kind of program she's in--I can think of relatively few professions where a 10-y/o misdemeanor conviction would bar you from employment.
You might suggest to her that she meet with her academic advisor, who might be able to help her find another position, or to advise her how to handle this so it doesn't hold her back in the future.
It may be that this will be only a minor setback. Many, many employers are willing to take a chance on someone who has done amazing things to turn her life around.
Just let her know that you love her, are proud of her, and are sure that eventually she will succeed.